Volvo (STO:VOLV-B) received a SEK 200 price target from analysts at Deutsche Bank in a report released on Wednesday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target suggests a potential upside of 26.86% from the stock’s current price.
Several other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. set a SEK 155 price objective on Volvo and gave the company a “neutral” rating in a report on Tuesday, February 6th. Goldman Sachs Group set a SEK 187 price objective on Volvo and gave the company a “neutral” rating in a report on Monday, February 5th. Morgan Stanley set a SEK 125 price objective on Volvo and gave the company a “sell” rating in a report on Thursday, February 1st. Kepler Capital Markets set a SEK 175 target price on Volvo and gave the company a “neutral” rating in a research note on Thursday, February 1st. Finally, Societe Generale set a SEK 170 target price on Volvo and gave the company a “neutral” rating in a research note on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of SEK 173.70.
Volvo (STO VOLV-B) opened at SEK 157.65 on Wednesday. Volvo has a 1-year low of SEK 116.60 and a 1-year high of SEK 171.30. The firm has a market capitalization of $336,860.00 and a PE ratio of 15.28.
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Volvo Company Profile
AB Volvo is the parent company of the Volvo Group. The Volvo Group is a manufacturer of trucks, buses, construction equipment, diesel engines, and marine and industrial engines. The Volvo Group also provides solutions for financing and service. Its segments include Trucks, Construction Equipment, Buses, Volvo Penta, Group functions & Other, and Financial Services.
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